Move to SF in Denver

[Stuart Crowell]

I'm an Agent in Denver working with quite a few investors both in and out of state and I've seen a pretty big shift from Multifamily to Single Family investing by both mom & pop investors as well as institutional money YTD compared to 2017. I'm curious, other agents or investors in Colorado experiencing this as well? Might just be the clientele I'm attracting or being referred.. I'm really not sure.. thanks! 

[Travis Sperr]

@Stuart Crowell - Although not in the day to day as an agent, I agree with your analysis and would go further to say that my colleagues, their clients and myself included have gone to town homes and condos. It allows a lower basis and all things considered the rents are still strong especially on section 8 type programs. I think that everyone wants to be a multifamily investor even is that is 2-4 unit so they are paying offensive prices. Not to say the deals may not work for them, but I can't wrap my mind around it. When 2-4 units are marketed with cap rates it tells me that it is time to allow buyers who that appeals to step in while I spectate.